Shares of ContextLogic Inc. (NASDAQ:WISH - Get Free Report) fell 7.8% during mid-day trading on Tuesday . The company traded as low as $7.45 and last traded at $7.55. 746,718 shares were traded during mid-day trading, a decline of 25% from the average session volume of 991,637 shares. The stock had previously closed at $8.19.
ContextLogic Stock Down 3.5 %
The business has a 50 day simple moving average of $7.43 and a 200-day simple moving average of $6.64. The company has a market capitalization of $183.84 million, a P/E ratio of -0.63 and a beta of 2.09.
Institutional Investors Weigh In On ContextLogic
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of ContextLogic by 3,723.7% during the third quarter. Barclays PLC now owns 46,190 shares of the company's stock valued at $252,000 after purchasing an additional 44,982 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ContextLogic by 14.5% during the third quarter. Geode Capital Management LLC now owns 266,688 shares of the company's stock valued at $1,454,000 after purchasing an additional 33,702 shares in the last quarter. Quarry LP bought a new stake in shares of ContextLogic during the third quarter valued at about $476,000. HighTower Advisors LLC raised its stake in shares of ContextLogic by 6.8% during the third quarter. HighTower Advisors LLC now owns 54,442 shares of the company's stock valued at $297,000 after purchasing an additional 3,467 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of ContextLogic by 238.4% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 30,088 shares of the company's stock valued at $164,000 after purchasing an additional 21,198 shares in the last quarter. 46.05% of the stock is currently owned by institutional investors.
ContextLogic Company Profile
(
Get Free Report)
ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects consumers to merchants. It also provides marketplace and logistics services to merchants. ContextLogic Inc was incorporated in 2010 and is headquartered in San Francisco, California.
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